In today's column I covered a few heavy construction stocks with nice bullish patterns. Rather than think about buying them as anything more than bear market rally plays, let's think about what that might mean for the long-term.
Specifically, if the global build is for real and the fundamentalists and economists think it is a secular trend then we need to own global markets for the long-term. We have to be able to ride out volatility and be willing to take some drawdowns but we Americans must think outside the border. As long as the dollar doesn't go from 100 to 200 yen anytime soon (or back below par in the euro) then we should still see the rest of the world buying American - products, services, companies, real estate, you name it.
Sigh. I can make money but probably have to learn another language before I retire.